LPL Financial to Report Fourth Quarter and Full Year 2024 Earnings on January 30
Thursday, Jan 9, 2025 4:15 pm ET
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LPL Financial Holdings Inc. (Nasdaq: LPLA), a leading wealth management firm in the U.S., has announced that it will report its fourth quarter and full year 2024 financial results after the market closes on Thursday, January 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at
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LPL Financial supports more than 28,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.
In the third quarter of 2024, LPL Financial reported strong organic growth in both its traditional and new markets. The Company announced its acquisition of The Investment Center, and early in the fourth quarter, it plans to resume its share repurchase program with an estimated $100 million of repurchases planned during the fourth quarter.
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Rich Steinmeier, CEO of LPL Financial, stated, "I joined LPL with the mandate to accelerate our growth, and for the past six years, have worked closely with Matt Audette and the rest of our leadership team, to set our strategic vision, and to build and execute on the plan to achieve that vision. Looking forward, our opportunity is clear – to assert our leadership and shape both the advisor and institutional markets. Our focus is on creating the culture, workplace environment, and capabilities, to achieve sustainable outperformance through becoming an indispensable partner to our advisors and institutions, while delivering long-term value to shareholders."
Matt Audette, President and CFO of LPL Financial, added, "We’re operating from a position of strength with a leadership team that is focused on supporting our advisors’ success through innovative solutions. In my expanded role, I look forward to the opportunity to help extend our leadership position in the advisor-mediated markets and to enhance value for our shareholders. Specific to the third quarter, we delivered strong organic growth in both our traditional and new markets. As a complement, we announced our acquisition of The Investment Center, and early in the fourth quarter, we plan to resume our share repurchase program with an estimated $100 million of repurchases planned during the fourth quarter."
Investors and analysts will be closely watching LPL Financial's earnings report to assess the Company's financial performance and strategic initiatives. The Company's strong organic growth, strategic acquisitions, and commitment to shareholder value make it an attractive investment opportunity in the wealth management sector.